JPMorgan Chase & Co. Has Lowered Expectations for VTEX (NYSE:VTEX) Stock Price

VTEX (NYSE:VTEX) had its price target cut by research analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 22.25% from the company’s current price.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group began coverage on VTEX in a research report on Wednesday, October 15th. They issued a “buy” rating and a $5.30 price objective on the stock. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group reduced their price target on shares of VTEX from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Tuesday, October 14th. Finally, Jefferies Financial Group raised shares of VTEX from a “hold” rating to a “buy” rating and lowered their price objective for the company from $7.30 to $6.50 in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.96.

VTEX Price Performance

VTEX stock opened at $4.09 on Monday. The stock has a market cap of $747.65 million, a PE ratio of 45.45 and a beta of 1.33. VTEX has a 12 month low of $3.65 and a 12 month high of $6.93. The company has a 50-day moving average price of $4.33 and a 200 day moving average price of $5.30. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. VTEX had a net margin of 7.03% and a return on equity of 6.63%. The business had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.80 million. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that VTEX will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

Large investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of VTEX in the 1st quarter worth approximately $7,016,000. Goldman Sachs Group Inc. boosted its stake in VTEX by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after acquiring an additional 84,189 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in VTEX in the first quarter worth $661,000. Banco BTG Pactual S.A. grew its holdings in VTEX by 86.4% in the first quarter. Banco BTG Pactual S.A. now owns 1,671,340 shares of the company’s stock worth $8,474,000 after purchasing an additional 774,484 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of VTEX by 41.5% during the first quarter. New York State Common Retirement Fund now owns 147,410 shares of the company’s stock worth $747,000 after purchasing an additional 43,259 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.